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Shell dividend hike drives shares
Shell rallies after boosting dividend, buybacks despite Q4 profit drop
Shell (NYSE:SHEL) +3.2% in Thursday's trading despite missing Q4 earnings and revenue estimates, weighed by weaker oil and gas prices and demand, but the company increased shareholder returns in a sign of confidence in its strategy of refocusing on its most profitable sectors.
Shell dividend hike drives shares higher despite profit miss
Shell on Thursday reported a fourth-quarter profit of $3.66 billion, missing estimates, on lower refining margins and lower liquefied natural gas (LNG) trading, while saying it would buy back shares worth $3.
Shell raises dividend to shareholders as profit falls amid lower oil prices
The energy major said profits fell after a year of operating in ‘a lower price environment’, amid shrinking margins from its oil refining business.
2h
Shell and Equinor Production Blocked at 2 Sites Off British Coast
A court ruling requires the British government to consider the potential climate impact of the oil and gas produced in the ...
4h
on MSN
Shell still reviewing moving listing away from London but not a live discussion
Oil company Shell said Thursday that it was still mulling moving its stock market listing from London to New York. but that ...
9h
Shell sees 2024 oil and gas reserve replacement ratio at 85%
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
1h
on MSN
Shell pulls out of N.J.’s 1st offshore wind farm. Is project now at risk?
Shell has withdrawn from New Jersey’s first offshore wind farm, Atlantic Shores — marking the latest hit to the state’s clean ...
Crude Oil Prices
6h
Shell Hikes Dividend and Buybacks Despite Underwhelming Earnings
Despite lower-than-expected fourth-quarter earnings, Shell increased its dividend and announced a new share buyback program, ...
KTBS
11h
Shell annual profit drops to $16 bn as oil prices fall
British energy giant Shell on Thursday announced a 17-percent drop in annual net profit owing to weaker oil and gas prices as ...
News24
10h
Shell, Thebe close to deal that would allow R19bn sale of SA petrol stations
Shell and its South African partner are close to ending a valuation dispute, paving the way for the sale of the oil giant's ...
8h
on MSN
Shell leaving London Stock Exchange ‘not a live discussion’ as dividends are raised
Shell and BP have been trying to close valuation gaps towards similar levels that the major US-based oil players enjoy, which would come around from a bump-up in share prices. Several companies have ...
9h
Shell raises dividend despite profits falling last year
Shell has increased its dividend to shareholders despite profits falling last year, after the energy giant was hit by weaker ...
1d
Shell’s US unit acquires a Rhode Island power plant
The global energy company Shell has completed the acquisition of a power plant located just outside of Providence, which the ...
1h
on MSN
Shell Takes $1 Billion Hit on Wind Farm That Trump Wants ‘Dead’
Shell Plc said it has written off almost $1 billion and withdrawn from a US offshore wind farm as President Donald Trump ...
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